| From Btimes.com.my: Overseen by a patchwork of regulators and religious authorities, the Islamic finance industry has taken major steps to standardise products and reduce the regulatory uncertainty that is seen as impeding development of the market.
The debate over regulations flared last year when compliance of some Islamic bonds with syariah was thrown into question by the industry auditor, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).......Full Article: Source
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